How many Chocolate Fish Coffee outlets were at the start of 2023?
Chocolate_Fish_Coffee Franchise · 2024 FDDAnswer from 2024 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Column 4 | Net Change |
|---|---|---|---|---|
| Outlets at the End of the Year | ||||
| Franchised | 2021 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | |
| 2023 | 0 | 0 | 0 | |
| Company-Owned | 2021 | 3 | 3 | 0 |
| 2022 | 3 | 3 | 0 | |
| 2023 | 3 | 3 | 0 | |
| Total Outlets | 2021 | 2 | 3 | +1 |
| 2022 | 3 | 3 | 0 | |
| 2023 | 3 | 3 | 0 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 38–41)
What This Means (2024 FDD)
According to Chocolate Fish Coffee's 2024 Franchise Disclosure Document, at the start of 2023, there were a total of 3 outlets. Specifically, there were 0 franchised outlets and 3 company-owned outlets. This information is derived from the 'Systemwide Outlet Summary For Years 2021 to 2023'.
For a prospective franchisee, this indicates that Chocolate Fish Coffee is a relatively small franchise system. The fact that all locations are company-owned could mean that the franchise is still in its early stages of development, or that the company prefers to maintain direct control over its outlets.
It's important to note that the FDD also includes tables detailing the 'Status of Franchised Outlets' and 'Status of Company-Owned Outlets' separately. These tables provide a more granular view of outlet activity, including openings, closures, and transfers. Reviewing these tables can give potential franchisees a better understanding of the brand's growth and stability.